Ultra Electronics CEO Simon Pryce talks about the Group’s interim results for the six months ending 30th of June 2019.
Are you pleased with the H1 results? – 00:19 Have your findings about Ultra remained the same? Have there been any more surprises? – 00:48 Is there any update on strategy? – 01:22 What is the benefit of this strategy? – 02:17 How is the Fix element of the Focus; Fix; Grow initiative progressing? – 03:12 Why have operating margins stayed flat? – 04:17 You’ve sold two businesses this year, are there any further businesses to be sold? – 05:14 What’s the outlook for the rest of 2019? – 05:40
Ultra Electronics Holdings plc provides solutions and products in the defence and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land. Its market facing segments are Aerospace, Infrastructure, Nuclear, Communications, C2ISR, Maritime, Land and Underwater Warfare. The Aerospace & Infrastructure division produces high-integrity, safety critical electronic control systems for aircraft applications, including position sensing and control; airframe and engine ice protection and detection; electronic architectures; weapon control, and noise cancellation systems. The Communications & Security division provides mission critical, information dominance solutions. The Maritime & Land division provides sensors, combat management systems, power solutions for surface, sub-surface and unmanned platforms.